Volvo CE to acquire Terex off-highway hauler business for around US$160mn

Volvo Construction Equipment has agreed to acquire Terex Corporation’s off-highway hauler business for around US$160 million (SEK 1 billion) on a cash and debt free basis. The deal, which is subject to regulatory approval, includes the main production facility in Motherwell, Scotland and two product ranges that offer both rigid and articulated haulers.
December 9, 2013 Read time: 1 min
Volvo Construction Equipment is acquiring Terex Corporation’s off-highway hauler business in a near US$160 million deal.
2394 Volvo Construction Equipment has agreed to acquire 1222 Terex Corporation’s off-highway hauler business for around US$160 million (SEK 1 billion) on a cash and debt free basis.

The deal, which is subject to regulatory approval, includes the main production facility in Motherwell, Scotland and two product ranges that offer both rigid and articulated haulers.
Earthmoving & soil compaction

For more information on companies in this article

Related Content

  • Hillhead-line acts for 2014 show
    July 2, 2014
    The 2014 edition of Hillhead, the three-day biennial flagship show for the quarrying, recycling and heavy construction industries, is set to welcome thousands of visitors, keen to see the latest leading equipment models alongside innovative machine and site management control technology. Guy Woodford reports on what a variety of major companies will be showcasing during this month’s show at Lafarge Tarmac’s Hillhead Quarry near Buxton in Derbyshire With around 450 UK and international suppliers of plant, eq
    Read More
  • Attitude is key to sustainability, says Volvo CE’s Thomas Bitter
    June 27, 2018
    Whether you are in the global Volvo Ocean Race or working on-site locally, sustainability is about attitude as much as technology. David Arminas reports. Technology, sustainability and safety. We ignore these often related themes at our peril. This was the key point made by Volvo Group chief executive Martin Lundstedt during his brief opening presentation at the start of the Building Tomorrow Conference in Spain last October. The conference took place within the harbour of Alicante that was bustling wit
    Read More
  • Building an airport for St Helena
    August 29, 2013
    The remote South Atlantic island of Saint Helena will shortly benefit from the construction of a new airport as well as access roads and supporting infrastructure. This is the biggest construction project in the history of the island, which lies nearly 2,000km off the coast of Africa. The airport is expected to boost economic development for the island’s 4,000 residents with an estimated 20,000 people a year forecasted to visit this highly remote, 122km2 equatorial volcanic outcrop. At present the islan
    Read More
  • Volvo CE bullish
    May 4, 2012
    Swedish-based firm Volvo Construction Equipment (Volvo CE) reports stronger-than-expected increases in demand from customers in Europe and North America. The firm says that this performance has helped boost third quarter sales. Steady sales in many markets having a positive impact on financial performance. Net sales in the three months of July-September rose by 18% to US$2.28 billion, compared with $1.94 billion in the same period last year and when adjusted for currency movements, net sales increased by 27
    Read More

Highlighted Content